Franklin BSP Realty Trust Inc

FBRT · NYSE · Real Estate / REIT - Mortgage

6.15USD-0.02 (-0.32%)

Price History

Full chart

Market Stats

Previous Close6.17

Open6.23

Day Range6.05 – 6.25

52-Week Range6.83 – 10.30

Volume1.11M

Market Cap606.23M

P/E (TTM)17.38

Forward P/E0.00

EPS0.42

Dividend Yield10.96%

Beta1.11

50-Day Avg7.96

200-Day Avg8.88

About

Franklin BSP Realty Trust, Inc., a real estate finance company, originates and manages a diversified portfolio of commercial real estate debt investments through a REIT structure in the United States and internationally. The company operates through Real Estate Debt Business; Agency Business; Commercial Real Estate Conduit Business; and Real Estate Owned Business segments. The Real Estate Debt Business focuses on originating, acquiring, and asset managing commercial real estate debt investments, including first mortgages, subordinate mortgages, mezzanine loans, and participations in such loans and focuses on investing in and asset managing real estate securities. The Agency Business focuses on originating, selling, and servicing loans under programs offered by government-sponsored enterprises and agencies. The Commercial Real Estate Conduit Business is focused on generating risk-adjusted returns by originating and selling fixed-rate commercial real estate loans. The Real Estate Owned Business represents real estate acquired by the company through foreclosure, deed-in-lieu of foreclosure, and purchase. It also originates conduit loans. Franklin BSP Realty Trust, Inc. was formerly known as Benefit Street Partners Realty Trust, Inc. and changed its name to Franklin BSP Realty Trust, Inc. in October 2021. Franklin BSP Realty Trust, Inc. was incorporated in 2012 and is headquartered in New York, New York.

Company Details

SectorReal Estate
IndustryREIT - Mortgage
CEOMr. Michael Comparato
Employees252
Headquarters1 Madison Avenue, New York, NY, United States, 10010, USA
Websitehttps://www.fbrtreit.com

Leadership

Mr. Michael ComparatoChief Executive Officer · b. 1978
Mr. Jerome Stephen BaglienCFO, COO & Treasurer · b. 1977
Mr. Brian BuffonePresident & Head of Real Estate Operations · b. 1978
Mr. Micah Goodman J.D.Corporate Secretary, MD, General Counsel & Chief Administrative Officer
Ms. Lindsey CrabbeDirector of Investor Relations
Mr. Matthew S. JacobsMD & Chief Credit Officer
Ms. Tanya MollovaMD & Head of Asset Management
Mr. David HenschkeMD & Head of Capital Markets

Financials

Income Statement

Currency: USD	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	-	743.00K	12.70M	59.39M	79.40M	89.56M	152.29M	198.47M	184.17M	221.65M	367.36M	569.53M	548.92M	555.97M
Growth (%)	-	-	+1609.29%	+367.66%	+33.69%	+12.80%	+70.03%	+30.32%	-7.20%	+20.35%	+65.74%	+55.03%	-3.62%	+1.28%
Cost of Revenue	-	-	4.39M	12.27M	23.17M	32.36M	70.00M	93.22M	70.21M	60.84M	165.71M	305.58M	338.47M	43.68M
Gross Profit	-	743.00K	8.31M	47.13M	56.23M	57.20M	82.29M	105.25M	113.96M	160.81M	201.65M	263.95M	210.45M	512.28M
Gross Margin	-	100.00%	65.46%	79.34%	70.82%	63.87%	54.03%	53.03%	61.88%	72.55%	54.89%	46.35%	38.34%	92.14%
Operating Expense	-	-100.92M	2.69M	12.93M	20.64M	20.77M	35.43M	82.40M	54.79M	-4.15M	149.34M	109.18M	95.04M	131.91M
Operating Income	-96.00K	101.67M	5.62M	34.20M	35.59M	36.44M	46.85M	22.85M	59.17M	164.96M	52.31M	154.77M	115.41M	380.37M
Operating Margin	-	13683.18%	44.28%	57.57%	44.83%	40.68%	30.77%	11.51%	32.13%	74.43%	14.24%	27.17%	21.03%	68.42%
EBITDA	-	101.67M	5.62M	34.20M	35.59M	36.44M	46.85M	58.02M	61.40M	167.07M	106.55M	163.18M	437.62M	385.89M
EBITDA Margin	-	13683.18%	44.28%	57.57%	44.83%	40.68%	30.77%	29.23%	33.34%	75.38%	29.00%	28.65%	79.72%	69.41%
Net Income	-96.00K	101.67M	5.42M	24.93M	29.99M	33.78M	52.83M	83.92M	54.75M	25.70M	14.43M	145.22M	68.89M	82.27M
Net Income Margin	-	13683.18%	42.64%	41.98%	37.77%	37.71%	34.69%	42.29%	29.73%	11.60%	3.93%	25.50%	12.55%	14.80%
R&D	-	-	-	-	0.39	0.36	0.32	0.38	0.29	0.13	0.04	0.25	-	-
R&D as % of Total Revenue	-	-	-	-	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	-
Interest Expense	-	32.31M	2.20M	12.27M	23.17M	32.36M	70.00M	90.42M	66.56M	60.84M	165.71M	305.58M	338.47M	288.33M
Interest Expense % of Total Revenue	-	4348.99%	17.29%	20.66%	29.18%	36.13%	45.97%	45.56%	36.14%	27.45%	45.11%	53.65%	61.66%	51.86%

Balance Sheet

Currency: USD	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	-	36.37M	514.22M	1.28B	1.25B	1.58B	2.61B	3.54B	3.19B	9.47B	6.20B	5.96B	6.00B	6.06B
Total Liabilities	756.72K	9.27M	183.71M	628.15M	614.48M	973.32M	1.87B	2.72B	2.39B	7.76B	4.63B	4.37B	4.48B	4.53B
Total Equity	184.47K	26.02M	330.51M	654.33M	633.65M	610.34M	733.23M	816.80M	798.44M	1.71B	1.56B	1.56B	1.51B	1.44B
Cash	573	178.00K	386.00K	20.17M	118.05M	83.71M	191.39M	87.25M	82.07M	154.93M	179.31M	337.60M	184.44M	167.29M
Total Debt	-	7.30M	176.44M	610.68M	602.75M	956.57M	1.71B	2.49B	2.15B	7.57B	4.45B	4.18B	4.31B	4.25B
Net Debt	-573	7.13M	176.05M	590.51M	484.70M	872.86M	1.52B	2.40B	2.07B	7.42B	4.27B	3.85B	4.13B	4.08B

Cash Flow

Currency: USD	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	-	776.00K	2.69M	25.43M	35.02M	8.35M	7.10M	45.37M	115.33M	146.50M	152.51M	197.39M	57.23M	291.94M
Investing Cash Flow	-	-35.76M	-471.64M	-749.85M	139.41M	-332.76M	-855.81M	-969.24M	240.69M	1.07B	3.10B	380.81M	-155.47M	380.81M
Financing Cash Flow	6.00K	35.16M	469.16M	738.84M	-71.54M	290.07M	961.43M	828.58M	-373.00M	-1.14B	-3.23B	-424.99M	-48.58M	-684.43M
Capital Expenditure	0	0	0	0	0	0	0	0	0	2.88B	663.00K	0	0	360.00K
Free Cash Flow	-	776.00K	2.69M	25.43M	35.02M	8.35M	7.10M	45.37M	115.33M	3.03B	151.85M	197.39M	57.23M	291.94M
Dividends Paid	-	286.00K	7.59M	26.95M	40.25M	38.83M	36.95M	60.61M	49.79M	67.95M	139.41M	144.35M	144.91M	145.58M
FCF to OCF	-	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	2066.88%	99.57%	100.00%	100.00%	100.00%
Dividend Paid to FCF	-	36.86%	282.76%	105.96%	114.92%	464.78%	520.60%	133.60%	43.17%	2.24%	91.81%	73.13%	253.19%	49.87%

Earnings

Report Date	Jan 27, 1993	May 4, 1993	Jul 16, 1993	Oct 15, 1993	Jan 24, 1994	Apr 14, 1994	Jul 14, 1994	Jan 24, 1995	Apr 20, 1995	Jul 21, 1995	Oct 20, 1995	Jan 29, 1996	Apr 19, 1996	Jul 18, 1996	Oct 17, 1996	Jan 28, 1997	Apr 17, 1997	Jul 16, 1997	Oct 16, 1997	Jan 22, 1998	Apr 23, 1998	Jul 24, 1998	Nov 13, 1998	Feb 10, 1999	Apr 22, 1999	Jul 23, 1999	Oct 20, 1999	Jan 27, 2000	Apr 24, 2000	Jul 27, 2000	Jan 26, 2006	Apr 20, 2006	Jul 20, 2006	Oct 19, 2006	Feb 8, 2007	May 3, 2007	Jul 26, 2007	Oct 25, 2007	Feb 7, 2008	May 1, 2008	Jul 24, 2008	Oct 23, 2008	Jan 29, 2009	Apr 30, 2009	Jul 29, 2009	Oct 28, 2009	Jan 27, 2010	Apr 28, 2010	Jul 28, 2010	Oct 27, 2010	Feb 2, 2011	May 4, 2011	Jul 27, 2011	Oct 26, 2011	Feb 1, 2012	Apr 25, 2012	Jul 25, 2012	Oct 24, 2012	Jan 30, 2013	Apr 24, 2013	Jul 24, 2013	Oct 23, 2013	Jan 29, 2014	Apr 30, 2014	Jul 30, 2014	Oct 29, 2014	Jan 28, 2015	Apr 29, 2015	Jul 29, 2015	Oct 28, 2015	Jan 27, 2016	Apr 27, 2016	Jul 27, 2016	Oct 26, 2016	Jan 25, 2017	Apr 26, 2017	Jul 26, 2017	Oct 25, 2017	Jan 31, 2018	Apr 25, 2018	Jul 25, 2018	Oct 24, 2018	Jan 30, 2019	Apr 24, 2019	Jul 24, 2019	Oct 23, 2019	Jan 29, 2020	Apr 29, 2020	Jul 29, 2020	Oct 28, 2020	Jan 27, 2021	Apr 28, 2021	Jul 28, 2021	Nov 10, 2021	Feb 23, 2022	May 4, 2022	Jul 29, 2022	Nov 9, 2022	Feb 22, 2023	May 3, 2023	Jul 31, 2023	Oct 30, 2023	Feb 14, 2024	Apr 29, 2024	Jul 31, 2024	Nov 4, 2024	Feb 12, 2025	Apr 28, 2025	Jul 30, 2025	Oct 29, 2025	Feb 11, 2026	Apr 29, 2026	Jul 29, 2026	Nov 4, 2026
EPS Estimate	1.52	1.55	1.59	1.61	1.73	1.42	1.33	1.35	0.62	0.92	1.26	1.56	1.86	2.32	2.16	2.26	2.27	2.32	2.41	2.46	2.00	1.39	-1.80	0.39	0.28	0.58	0.64	0.50	0.58	0.80	-0.09	-0.07	-0.14	-0.31	-0.12	0.03	0.05	-0.43	0.26	0.51	0.61	0.56	0.41	0.54	0.60	0.56	0.55	0.51	0.36	0.28	0.37	0.41	0.45	0.45	0.41	0.41	0.42	0.38	0.33	0.32	0.32	0.32	0.31	0.35	0.36	0.35	0.33	0.31	0.31	0.26	0.24	0.25	0.23	0.18	0.19	0.18	0.20	0.20	0.17	0.18	0.13	0.09	0.06	0.08	0.08	0.09	0.12	0.14	0.16	0.18	0.16	0.16	0.16	0.69	0.17	0.36	0.42	0.32	0.36	0.37	0.50	0.41	0.40	0.39	0.40	0.40	0.34	0.26	0.30	0.30	0.27	0.23	0.20	0.22
EPS Actual	1.55	1.56	1.60	1.64	1.72	1.56	1.19	1.16	0.64	0.91	1.30	1.47	1.79	2.11	2.12	2.24	2.32	2.36	2.44	2.28	1.92	-17.88	-1.12	0.28	0.56	0.76	0.64	0.52	0.44	0.32	-0.24	-0.12	-0.25	-0.35	-0.14	0.06	0.04	-0.43	0.31	0.53	0.58	0.52	0.32	0.58	0.58	0.56	0.54	0.51	0.35	0.27	0.40	0.41	0.48	0.43	0.43	0.44	0.40	0.35	0.31	0.31	0.27	0.23	0.35	0.37	0.35	0.30	0.31	0.32	0.22	0.18	0.26	0.25	0.19	0.13	0.14	0.20	0.14	0.13	0.17	0.16	0.09	0.04	0.05	0.12	0.12	0.11	0.15	0.16	0.18	0.16	0.15	0.13	0.09	0.67	0.36	1.02	0.29	0.33	0.37	0.44	0.66	0.43	0.39	0.41	0.31	-0.10	0.43	-0.12	0.27	0.22	0.12	0.09	0.17	-
Surprise	1.97%	0.65%	0.63%	1.86%	-0.58%	9.86%	-10.53%	-14.07%	3.23%	-1.09%	3.17%	-5.77%	-3.76%	-9.05%	-1.85%	-0.89%	2.20%	1.72%	1.24%	-7.32%	-4.00%	-1386.33%	37.78%	-28.21%	100.00%	31.03%	0.00%	4.00%	-24.14%	-60.00%	-166.67%	-71.43%	-78.57%	-12.90%	-16.67%	100.00%	-20.00%	0.00%	19.23%	3.92%	-4.92%	-7.14%	-21.95%	7.41%	-3.33%	0.00%	-1.82%	0.00%	-2.78%	-3.57%	8.11%	0.00%	6.67%	-4.44%	4.88%	7.32%	-4.76%	-7.89%	-6.06%	-3.13%	-15.63%	-28.13%	12.90%	5.71%	-2.78%	-14.29%	-6.06%	3.23%	-29.03%	-30.77%	8.33%	0.00%	-17.39%	-27.78%	-26.32%	11.11%	-30.00%	-35.00%	0.00%	-11.11%	-30.77%	-55.56%	-16.67%	50.00%	50.00%	22.22%	25.00%	14.29%	12.50%	-11.11%	-6.25%	-18.75%	-43.75%	-2.90%	111.76%	183.33%	-30.95%	3.13%	2.78%	18.92%	32.00%	4.88%	-2.50%	5.13%	-22.50%	-125.00%	28.87%	-146.15%	-10.00%	-26.67%	-55.56%	-60.87%	-15.00%	-
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	-	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	-

Key Statistics & Ratios

Market Cap606.23M

Enterprise Value5.43B

Trailing P/E17.38

Forward P/E0.00

Price / Sales2.07

Price / Book0.56

EPS0.42

Book Value14.77

Revenue (TTM)292.61M

Gross Profit (TTM)291.54M

Profit Margin21.38%

Operating Margin8.56%

Return on Equity4.12%

Return on Assets1.08%

Shares Outstanding83.05M

Shares Float81.68M

Beta1.11

Dividend Yield10.96%

Dividend Rate0.80

Payout Ratio1.59%

Analyst Ratings

Strong Buy

Based on 5 analystsTarget 11.67

Strong Buy
4
Buy
1

Ownership Breakdown

Institutions: 60.67%
Insiders: 1.54%
Retail / Other: 37.79%

Top Fund Holders

iShares Core S&P Small-Cap ETF
4.68M5.63%
Vanguard MStar Total Stk Mkt Idx Invest
2.46M2.96%
iShares Russell 2000 ETF
1.99M2.40%
iShares Mortgage Real Estate Capped ETF
965.53K1.16%
Fidelity Small Cap Index
863.69K1.04%
iShares Russell 2000 Value ETF
741.51K0.89%
State Street SPDR Port S&P 600 Sm CpETF
719.04K0.87%
iShares S&P Small-Cap 600 Value ETF
692.30K0.83%
Fidelity Extended Market Index
529.48K0.64%
iShares ESG Aware MSCI USA Small-Cap ETF
470.61K0.57%
Vanguard Russell 2000 ETF
446.33K0.54%
State Street® SPDR® S&P 600™ Sm CpValETF
405.76K0.49%
Vanguard S&P Small-Cap 600 ETF
278.69K0.34%
iShares Micro-Cap ETF
265.38K0.32%

Dividends

20263×

0.20Sep 30, 20260.20Jun 30, 20260.20Mar 31, 2026

20254×

0.35Dec 31, 20250.35Sep 30, 20250.35Jun 30, 20250.35Mar 31, 2025

20244×

0.35Dec 31, 20240.35Sep 30, 20240.35Jun 28, 20240.35Mar 27, 2024

20234×

0.35Dec 28, 20230.35Sep 28, 20230.35Jun 29, 20230.35Mar 30, 2023

20224×

0.35Dec 29, 20220.35Sep 29, 20220.35Jun 29, 20220.35Mar 30, 2022

20211×

0.28Dec 30, 2021